Colombia “The A nswer” For Mining Investment Opportunities

1. Colombia“The Answer” For Mining Investment Opportunities

2. Colombia Today • Geological Potential • An Unexplored Country • How to invest? • 2017 Highlights

3. Colombia Today • Geological Potential • An Unexplored Country • How to invest? • 2017 Highlights

4. COLOMBIA AT A GLANCE • 4thlargest economy in Latin America and one of the Region’s most stable economies. • GDP2016  US$233.4 billion: • Financial sector  21% • Services  15% • Trade and tourism  12% • Manufacturing sector  11% • Mining sector  2% 3rdlargest population of Latin America with 49.2 million inhabitants. Investment Grade BBB BBB Baa2 Average growth in the last 5 years +3.7% GDP 2016: +2.0% Doing Business Ranking 2017 2ndand53rd In LATAM - In the World Colombia is an open market for trade and investments: 12FTA 15 IIA 3rd main destination of FDI in LATAM with US $ 13.6 billion in2016 Increased 15.9% Source: DANE, Central Bank, S&P Ratings; Annual Survey of Mining Companies: 2016 (Fraser Institute), Bloomberg, Doing Business 2017.

5. MINING FACTS GDP from Mining in 2016 represented of the total GDP In the last 6 years, Mining FDI accounts for USD$9.9 billion 2.1% Mining exports richedUSD$6.8 billion. of total exports 22% Colombia has the largest coal reserves in Latin America, with a share of 46.1% (6,746 million tonnes). Emeralds Coal represents of total mining GDP 4th 65% Coal Thermal coal world exporter Nickel Gold Gold and metallic minerals account for of total Mining GDP Gold exports in increased In 2016 Copper 18% 28.1% Source: DANE, Central Bank, S&P Ratings; National Mining Agency, Global Investment Trends Monitor- United Nations UNCTAD No. 25. 2017.

6. Colombia Today • Geological Potential • An Unexplored Country • How to invest? • 2017 Highlights

7. COLOMBIA’S LOCATION IN THE ANDEAN REGION IS STRATEGIC FOR MINING DEVELOPMENT Caribbean tectonic plate Atlantic Ocean Located in the belt of metals of the Andes Caribbean Sea Caribbean Sea Panama Venezuela Colombia Atlantic Ocean Pacific Ocean Ecuador Andes System Brazil Peru South American tectonic plate Pacific Ocean Cocos and Nazca Tectonic plate Chile Amazonian Craton Source: Colombian Geological Service, 2015 Geological map of Colombian Scale 1:100.00. SGC

8. Colombia Today • Geological Potential • An Unexplored Country • How to invest? • 2017 Highlights

9. A COUNTRY TO DISCOVER Total area 114,218,901Ha 8,845Mining titles MINERAL SHARE Construction materials 44% Titled area 4,353,242Ha Gold and precious metals 22% 3.8% 2%Exploitation 1.1 %Exploration 0.7 %Construction and assembly 18% Other minerals of the country 16% Coal KNOWLEDGE OF SUBSOIL 2016 GOAL 4% Emeralds 70% 73% GEOLOGICAL Progress: 32%; Target: 35% by 2017. 40% 44% GEOPHYSICAL 35% 32% GEOCHEMICAL Source: National Mining Agency, Geological Survey of Colombia.

10. WHAT IS COMING NEXT? “With new gold projects the production will increase 39% in 2020” • 2020 • Buritica Project • Annual Expected Prod. 9.7 Ton • Grade 10.8 g/t Au • 2021 • Soto Norte Project • Annual Expected Prod 12.75 Tonnes • 2017 • Cisneros Project • Annual Expected Prod. 0.5 Ton • Grade 5.04 g/t Au • 2021 • San Matias Project • Resources Inferred: 53.52 Mt • Grade 0.70% Cu, 0.37 g/t Au • 2020 • Gramalote Project • Expected Production 12.4 Ton • Grade 0.7 g/t Au • 2017 • Santa Rosa Gold Project • Annual Expected Prod. 1.5 Ton • Grade 5.2 g/t Au

11. Colombia Today • Geological Potential • An Unexplored Country • How to invest? • 2017 Highlights

12. HOW TO INVEST? Two ways to access a Mining Title Staking processFirst-come First-served Negotiation of existing title Concession Contract • Any mineral • Any free area • Any individual or company • General requirements • Mineral rights can be freely transferred among investors. Construction and assembly Exploitation Exploration 30 years extendable for 30 more years Source: National Mining Agency

13. Colombia Today • Geological Potential • An Unexplored Country • How to invest? • 2017 Highlights

14. 2017 HIGHLIGHTS The Australian Government will open an Embassy in Bogota, Colombia. Colombia will be the Latin American country to complete the process of becoming amember in 2017. 3rd From the 37 Australian companies installed in Colombia, are mining companies. 25 • Peace Process • Signed in 2016 1 Taken from: Ministry of Foreign Affairs at http://bit.ly/2mP9txr

15. SECURITY INDICATORS ARE IMPROVING • 2016 had the lowest indicator of violencewithin the last 42 years. • Kidnapping decreased by 90.2%(from 2,121 in 2003 to 207 in 2016) • Civilian homicides decreased by 48.2% (from 2003 to 2016) Is the peace process an opportunity for the mining sector? Opportunity Risk Not sure Survey done by 266 Mining companies in Colombia

16. WORLD CLASS MINING Government Improving governance and transparency of mining sector revenues. “Colombia is a member of the International Board of Directors”. 2016 Colombia is committed to promoting responsible supply chains for minerals, according to OECD guidelines. Companies Communities Territories Colombia initiated the project for the creation of the National Certification Commission for Mining Reserves. The National Mining Agency implemented an initiative for minerals illicit extraction and trade since 2015.

17. ESTABLISHED COMPANIES

18. COLOMBIA, “THE ANSWER” FOR MINING OPPORTUNITIES Sustainable and mining done right Best practices and high quality standards Great opportunities for mining explorers New significant gold and copper discoveries in the last years We welcome new companies and promote responsible mining activity Thank You!!! David Gonzalez Promotion Manager David.gonzalez@anm.gov.co